Code of Alabama
Chapter 3A - Alabama Public Health Finance Authority.
Section 22-3A-1 - Legislative Findings and Declarations.

The Legislature hereby finds and declares that it is necessary, desirable and in the public interest that additional facilities be made available in this state for public health purposes. It is the intention of the Legislature by the passage of this chapter to authorize the formation of a public corporation for the purposes of providing for the acquisition, construction, improvement and equipment of public health facilities and to improve such existing facilities for use by the State Board of Health and county board(s) of health throughout this state in carrying out the duties and powers imposed upon or vested in them; to authorize the said corporation to provide for payment of the costs of the said facilities by the issuance of bonds of the corporation; and to pledge the proceeds of such bonds and other revenues that may be available to it for payment of the debt service on said bonds.

Structure Code of Alabama

Code of Alabama

Title 22 - Health, Mental Health, and Environmental Control.

Title 1 - Health and Environmental Control Generally.

Chapter 3A - Alabama Public Health Finance Authority.

Section 22-3A-1 - Legislative Findings and Declarations.

Section 22-3A-2 - Definitions.

Section 22-3A-3 - Creation of Corporation; Members.

Section 22-3A-4 - Application.

Section 22-3A-5 - Certificate of Incorporation.

Section 22-3A-6 - Members; Officers; Terms; Records; Meetings; Appointment of Governor's Designee.

Section 22-3A-7 - Powers of Authority.

Section 22-3A-8 - Issuance of Bonds.

Section 22-3A-9 - Form of Bonds; Redemption Option.

Section 22-3A-10 - Authentication of Bonds.

Section 22-3A-11 - Sale of Bonds.

Section 22-3A-12 - Nature of Bonds.

Section 22-3A-13 - Tax Exemption; Use of Bonds as Security; Investment in Bonds.

Section 22-3A-14 - Refunding Bonds.

Section 22-3A-15 - Disposition of Proceeds of Bonds; Public Health Facilities Building Fund; Powers of Authority; Improvement and Construction Defined; Supervision; Bidding.

Section 22-3A-16 - Appropriation Made; Debt Service Reserve Fund Established.

Section 22-3A-17 - Obligations, etc., as Obligations of Authority and Not State.

Section 22-3A-18 - Investment of Proceeds From Bond Sale; When Authorized; Application of Income.

Section 22-3A-19 - Certain Public Health Facilities as Primary Obligation of Authority; Reimbursement to Counties; Refinancing or Refunding of Obligations.

Section 22-3A-20 - Authority as Nonprofit Corporation.

Section 22-3A-21 - Dissolution of Authority.

Section 22-3A-22 - Payment by State Treasurer Authorized; Records.

Section 22-3A-23 - Approval of Allocations Other Than Those in Section 22-3a- 19(a) to Be Unanimous.

Section 22-3A-24 - Payments and Investment Agreements to Ensure Federal Tax Exemption.